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November 8, 2019
7:57 pm
Norman1
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You got lucky, Winnie, just like those who bought long-term bonds 35 years ago when interest rates were around 12% per year.

Had the gold been purchased 20 years earlier in 1979, it would have been purchased around US$300 per ounce and the 20 year experience would have ended with gold around US$290.

Gold also does not produce any income. Those Bank of Montreal shares I bought in the late 1980's now pay me dividends each year of over 55% of their original cost. So, I am receiving my original investment back every two years now.

One needs to understand what was behind the returns one ends up with. Otherwise, one will seriously miscalculate the odds of achieving the same returns in the next ten, twenty, or thirty years.

November 9, 2019
10:50 am
Selkirk
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Norman1 said

You got lucky, Winnie, just like those who bought long-term bonds 35 years ago when interest rates were around 12% per year.

Had the gold been purchased 20 years earlier in 1979, it would have been purchased around US$300 per ounce and the 20 year experience would have ended with gold around US$290.

Gold also does not produce any income. Those Bank of Montreal shares I bought in the late 1980's now pay me dividends each year of over 55% of their original cost. So, I am receiving my original investment back every two years now.

One needs to understand what was behind the returns one ends up with. Otherwise, one will seriously miscalculate the odds of achieving the same returns in the next ten, twenty, or thirty years.  

'Amen' to that ⬆

When it comes to Gold, I prefer to invest in the companies that dig it out of the ground, rather than directly in gold. One of my favorite ETF's is; Horizons Enhanced Income Gold Producers ETF (HEP/TSX). I've done very well with it, and the Dividend is quite Handsome ... ~ 5% .

Selkirk

November 11, 2019
9:17 am
Winnie
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Norman1 said
You got lucky, Winnie ... 

Completely agree with you, Norman1.

And, to be fully honest, it wasn't even my rational decision to buy gold at that time and I had no expectation for spectacular profit, based on my careful examination of gold performance 20 years earlier.

November 12, 2019
3:02 pm
Norman1
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It is good to understand if one was just lucky or one had a special insight.

Luck does happen. Although, bad luck seems to happens more often than the good kind with investments.

I'm reminded of those technology day traders who thought they had insight into a way to make lots of money day trading tech stocks.

Turns out the tech stocks were closing about 1% higher than open most days. So, one could have got similar results just buying and holding the whole time instead of buying in the morning and selling by close of the day.

The discount brokerages were quite happy to collect over $1,000/month in trading commissions from some of those guys.

November 13, 2019
5:30 pm
Bud
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Imperial Oil could it go lower than 30

Shaw Communications another way to play alberta oil?

November 13, 2019
5:57 pm
Selkirk
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Norman1 said

. . .

The discount brokerages were quite happy to collect over $1,000/month in trading commissions from some of those guys. 

... Déjà Vu of the olden days ⬆

During the Gold & Silver Rushes, the hardware stores selling picks & shovels often made more money than the miners.

sf-cool

November 15, 2019
7:01 pm
Norman1
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Well, the most profitable opportunities are not always where the excitement and limelight are. sf-laugh

Selling picks and shovels is not very exciting. But, one made a bit of profit with each sale.

November 16, 2019
5:39 am
Bud
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Cameco?

November 16, 2019
9:19 am
Selkirk
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Bud said

Cameco?  

Hey Bud,

She was one of my girlfriends in high school ... wadiya wanna know about 'er❓

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